Frequently Asked Questions
There is no cost to create an account on Foundation. That being said, if you are invited to mint art, you will need to pay gas fees to set up each asset on the platform. These fees do not go to Foundation and are paid to the Ethereum blockchain instead.
Artist will receive 10% royalties on secondary sales in perpetuity for non-fungible tokens purchased on Foundation. This will be tracked through smart contracts, storing the metadata of each transaction on blockchain technology.
On foundation, the buyer of each piece of art will pay gas fees to process the transaction. Creators will also pay gas fees when creating new digital art.
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